A slump in prices is temporary and it will be “difficult, if not impossible” for OPEC to curb its oil production amid a glut, said Ali Al-Naimi, Saudi Arabia’s oil minister.
A consignment of linear low density polyethylene (LLDPE), measuring 2,000 tons with a total value of over $2 million, will be shipped to Belgium next week.
Under a 5-phase joint venture between Iran and Kuwait a steel mill is to be set up in the Persian Gulf Special Mineral Industry Zone in southern Iran.
It is not hard for Iran and South Africa to raise their non-oil trade to $2 billion if their business sectors earnestly get down to business.
Elias Naderan, a principlist MP, says government coffers rely on revenues generated by the government’s monopoly over oil industry and other natural resources.
A German trade delegation is in Tehran to talk business with Iranian officials and size up investment opportunities in the country.
A four-day International Exhibition of Electronics, Computer and E-Commerce opens in Tehran.
The corruption occurred between 2006 and 2012. However, officials learned about it in 2013.
The focus of Persian Carpet Encyclopedia is on designs, patterns and aesthetics, technical knowledge, management, economics and trade, history, geography and the styles of carpets.
French car giant Peugeot eyes a comeback to Iran's lucrative market.